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Worldatwork C3E Exam - Topic 7 Question 35 Discussion

Actual exam question for Worldatwork's C3E exam
Question #: 35
Topic #: 7
[All C3E Questions]

You start with 1,800 in your savings account. You do not make any deposits or withdrawals and earn 10% interest, compounded quarterly. How much money will you have in your account after five years?

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Suggested Answer: D

by Winfred at Jan 27, 2026, 01:03 AM

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Ethan
I’m a bit confused about how to handle the compounding periods. Is it just the number of years times 4 for quarterly?
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Eliseo
23 days ago
I remember a similar question where we had to calculate future value with different interest rates. I think we just plug in the numbers into the formula.
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Lajuana
28 days ago
I think we need to use the compound interest formula, but I’m not entirely sure how to apply it with quarterly compounding.
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Gearldine
1 month ago
No problem, I've got this. I'll just plug in the numbers and let my calculator do the work.
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Avery
1 month ago
Wait, what's the difference between simple and compound interest again? I better make sure I'm using the right formula here.
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Jeanice
1 month ago
Okay, I know the formula is A = P(1 + r/n)^(nt), where A is the final amount, P is the principal, r is the annual interest rate, n is the number of times interest is compounded per year, and t is the time in years. I'll plug in the values and calculate.
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Aleisha
2 months ago
Hmm, I'm not sure how to approach this. I'll need to review the compound interest concepts.
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Desmond
2 months ago
This looks straightforward, I think I can solve this using the compound interest formula.
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